US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet ...Middle East

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US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
source : Devdiscourse ( Middle East ) () 74
U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a letter to Congress that the agency will be unlikely to meet all U.S. government payment obligations "potentially as early as June 1" without action by Congress.

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